We begin preparations for the holidays in mid-November. This is confirmed by numerous customers visiting shopping centers in search of presents for Christmas, as well as the number of people interested in fast online loans. Our expert analysis shows that as much as 15% of all loans are granted in the pre-Christmas period, i.e. between November 20 and December 20.
Installment loans in December
Every year more and more of us decide to fill out the pre-Christmas loan application. Compared to 2013, the number of December loans more than doubled. Non-banking companies are gaining our trust. This is confirmed by the growing number of new borrowers. From January to November, forms filled in by new customers accounted for 8% of all applications, while in the pre-Christmas period this percentage increases to 20%.
Online loans with earnings up to PLN 2,000
63% of all pre-holiday borrowers are women. This is mainly due to the fact that first of all, the ladies deal with the preparation of Christmas decorations, dishes and make sure that every household member finds even a small gift under the Christmas tree. It is worth noting that non-bank institutions increasingly provide quick payday loans via the Internet to people whose earnings do not exceed PLN 2,000. This is as much as 53% of all borrowers, which confirms that a reasonable selection of the amount borrowed to the repayment period gives a real chance of obtaining a positive loan decision.
Quick loans for higher amounts
During December sales, sellers at every step encourage us to buy various products, gadgets or electronic equipment at exceptional prices. Recently, we have also decided to buy more and more expensive gifts. This also affects the amount of loans. As statistics show, before Christmas we borrow higher amounts than in other months. The average value of a quick payday loan increases by PLN 80, while the value of an online installment loan by PLN 168.